FTX founder Sam Bankman-Fried has revealed his plans to launch a new business venture just weeks after the historic collapse of his cryptocurrency exchange.
Bankman-Fried is currently facing a number of civil lawsuits brought against both him and his failed company.
In an interview with the BBC published on Saturday, the 30-year-old said he would โgive anythingโ to be able to set up a new business.
He insists that his new business is an effort to pay back investors.
When FTX collapsed, billions of dollars went missing, leaving investors and users who lost millions.
“I would give anything to be able to do that,โ Bankman-Fried said when asked if he planned to launch a new company to recoup the losses by FTX.
“And Iโm going to try if I can.
โIโm going to be thinking about how we can help the world and if users havenโt gotten much back, Iโm going to be thinking about what I can do for them,โ he said.
โAnd I think at the very least, I have a duty to FTX users to do right by them as best as I can.โ
FTX was once valued at $32 billion after raising $400 million from investors before it collapsed in November.
The collapse came amid a liquidity crisis which was worsened further by larger rival Binance deciding to pull out of a potential rescue deal.
Traders soon pulled billions from the platform and the company ultimately filed for Chapter 11 bankruptcy on November 11.
Millions of FTX users have been left unable to access theirย crypto wallets.
Questions have been raised regarding the roughlyย $1 billion of customer funds that appear to have vanished from the failedย crypto exchange.
Meanwhile,ย Bankman-Fried claims to have just $100,000 left in his bank account and denies having โhidden fundsโ anywhere.
Onย Friday, Bankman-Fried confirmed that he will testify before the U.S. Senate Banking Committee on Tuesday amid multiple probes into FTXโs collapse as well as that of itsย sister hedge fund, Alamedaย Research.
However, the former billionaire claimed he does not have access to much of his professional or personal data, and therefore โthere is a limit to what I will be able to say, and I wonโt be as helpful as Iโd like.โ
Speaking to the BBC from a luxury apartment in the Bahamas owned by FTX, Bankman-Fried was asked whether he was prepared for the possibility of being arrested.
โThereโs some time at night ruminating, yes, but when I get up during the day, I try and focus, be as productive as I can and ignore things that are out of my control,โ he replied.
However, the crypto firm founder doubled down on comments he made during the New York Times DealBook Summit on November 30, in which he denied having committed any fraud at FTX.
Financial regulators and authorities in both the United States and the Bahamas are currently investigating the collapse of the company.